Samsung Acquires Israeli Smartphone Camera Company Corephotonics for $155 Million

Samsung has acquired Israeli smartphone camera company Corephotonics for $155 million, reports Calcalist. The deal was signed yesterday and confirmed by Israeli law firms representing both companies.

Samsung had been one of the leading investors in Corephotonics, having participated in two out of three of the company’s funding rounds. Founded in 2012 by optics and miniature digital cameras expert David Mendelovic, Corephotonics develops dual camera technologies designed to improve the performance of smartphone cameras. To date, the company raised $38 million, according to Pitchbook data.

Notably, Corephotonics is the company that sued Apple in November 2017, accusing it of copying its dual aperture camera technology for use in the iPhone.





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